Expertise: Risk Management & Compliance

By Rusmaini Lenggogeni Shareholders, since they provide the capital for the company, shall have rights and responsibilities toward the company in accordance with the relevant laws and regulations in Indonesia and the Articles of Association (AOA) of the company. Although shareholders do not par­ticipate directly in the management or supervision of the company, they are … Corporate Governance in Indonesia – Relationship Between Companies and Shareholders

By Rusmaini Lenggogeni Companies in Indonesia must have at least one director, except for specific companies whose business relates to the collection or management of public funds, and companies that issue acknowledgements of indebtedness to the public, which must maintain a Board of Directors (BOD) with at least two members. The Indonesian Corporate Governance Manual … Corporate Governance in Indonesia – Directors and Officers

By Rusmaini Lenggogeni Pursuant to the provisions set out in the Indonesian Company Law, the Board of Directors (BOD), Board of Commissioners (BOC) and shareholders of companies in Indonesia have separate duties and func­tions. The members of the BOD are the day-to-day operat­ing officers of the company. The Company Law gives the BOD the right … Corporate Governance in Indonesia – Types of Decisions Made by Governing Bodies

By Rusmaini Lenggogeni The principal bodies and functions involved in the govern­ance and management of Indonesian companies under the Company Law are the General Meeting of Shareholders (GMS), Board of Directors (BOD) and Board of Commis­sioners (BOC). The BOD constitutes the company\'s management. The mem­bers of the BOD are the day-to-day operating officers of the … Bodies and Functions Involved in Governance and Management of Indonesian Companies

By Rusmaini Lenggogeni Since corporate organizations in Indonesia largely take the form of a limited liability company, corporate governance in Indonesia is principally governed under Law No. 40 of 2007 regarding Limited Liability Com­panies (the Company Law). The elucidation of Article 4 of the Company Law states that the applicability of the Com­pany Law does … Corporate Governance in Indonesia